Parliamentary Finance reveals the date of approval of the federal budget for 2019

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Parliamentary Finance reveals the date of approval of the federal budget for 2019 Empty Parliamentary Finance reveals the date of approval of the federal budget for 2019

Post  Admin on Tue Dec 18, 2018 10:24 am


2018/12/18 7:15 am

The parliamentary Finance Committee revealed the date of approval of the federal budget for 2019, and pointed out that the budget will be approved during the three months of next year, attributed to the instability of the prices of the sale of world oil and its decline suddenly and significantly.

The Committee member Siham Shannon, said that the draft federal budget law for 2019 will be presented for discussion and reading and voting within the parliament during the three months of the beginning of next year, pointing out that the decline in world oil prices caused delays in the adoption of the federal budget.

Shannon added that the parliamentary finance seeks in cooperation with the Ministry of Finance to reduce the price of selling barrels of oil within the budget without 50 dollars for not entering the country with a large financial deficit during its new budget, indicating that the final price will be put during the meeting of Finance Minister and Finance Minister Fouad Hussein in the coming days.

She stressed that the reduction of expenditures in the federal budget will include not only unimportant expenses without prejudice to the expenses related to staff.

Explaining that the Finance Committee is seeking to expand the grades of unemployed graduates.

Earlier, UBS had expected oil prices to rise to $ 85 over the next six to 12 months, boosting expectations for the Middle East.


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